Trump Threatens Apple With Tariff on iPhones
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After 233 years, the U.S. this month will officially end penny production, according to statements from the Treasury Department. Dan Ives, Wedbush, joins 'Fast Money' to talk President Trump's tariff threat toward Apple.
This week’s Apple headlines: iPhone 17 Air specs, mysterious iPhone 17 Ultra, WWDC Plans, Apple’s Foldable Choice, Overcast improves Apple Watch support, Audiobooks show the way, and
Apple has temporarily increased its iPhone trade-in values in select countries, including the U.S., Canada, Australia, France, Germany, Italy,
US President Donald Trump boasted “jobs and factories will come roaring back” when he unleashed unprecedented tariffs around the world during his “Liberation Day” address last month.
It would take several years and cost billions of dollars to build plants in the United States to make iPhones here. If that happens, prices could skyrocket.
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Apple iPhone owners are still sticking with the brand at rates that shame every other smartphone producer, and a small dip in loyalty doesn't mean much without better data.
Apple has resisted pressure to make its most important product in the United States since 2016, and instead has moved some production to India.